WOOD STREET MISSION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
COMPANY NUMBER.. 03849322
REGISTERED CHARITY NUMBER: 1078337

WOOD STREET MISSION
TRUSTEES REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
PAGE
Trustees and administrative details for the year ended 31 December 2023
Trustees report for the year ended 31 December 2023
Independent examiners. report to the Trustees
Statement of financial activities for the year ended 31 December 2023
Balance sheet as at 31 December 2023
Cashfiow statement for the year ended 31 December 2023
10
Notes to the financial statements for the year ended 31 December 2023
11-20

WOOD STREET MISSION
TRUSTEES AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2023
MEMBERS OF THE BOARD OF TRUSTEES
Chalrman
R T Race Bsc Hons Chartered FCSI ASIP
Other Members
Mr M N G Evans MBE Bsc FCA
MrsNOGuy
Mr C A Hadfield FRICS
Ms VJones
Dr K Parkinson
Ms J Watson {resigned 13 March 2024)
Mrs E Willder FCMA CGMA
Mrs G Winter BA
CHIEF EXECUTIVE
Mr D Lynch
REGISTERED OFFICE
Wood Street Mission
26 Wood Street
Off Deansgate
Manchester
M3 3EF
BANKERS
National Westminster Bank PIC
Manchester City Centre Branch
19 Market Street
Manchester
M1 1WR
SOLICITORS
DWF LLP
1 Scott Place
2 Hardman Street
Manchester
M3 3A4
INVESTMENT MANAGERS
CCLA Investment Management Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET
INDEPENDENT EXAMINERS
Hurst Accountants Limited
Chartered Accountants and Statutory Auditors
3 Stockport Exchange
Railway Road
Stockport
SK13GG
Page 1

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees of the charitable company present the financial statements for the year ended 31 December 2023. The
financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and
Accounting and Reporting by Charities- Statement of Recommended practi￿ applicable to charities preparing their
accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 20151.
PRINCIPALACTIVITIES IN THE PUBLIC INTEREST
The Charity was founded in 1869. The aim of the Charity is to provide services to the community with a particular
emphasis on mitigating Ihe effects of povejty and deprivation on children, young people and theirtamilies in Manchester
and Salford.
Our vision is a wortd where no child in Manchester or Safford is living in poverty.
Our mission is to offer practical help to alleviate the effect of povety on Manchester and Salford families.
We will do this through the following strategic objectives..
Increase our impact in the delivery of frontline Se￿ices.
Use our assets and resources to develop a sustainable organisalion restx)nsive to the needs of local families.
Develop our work to improve the life chances of children in Manchester and Salford and break the cycle of povety-
Modemise our setvices and ways of wolking so they are in line wilh best practice.
Increase our profile in order lo generate funds, attract supporters and build relationships.
In planning and delivering our setvices and activities the Trustees and management of Wood Street Mission confimi
that they have complied with th8 duty In Section 4 of the Charities Act 2011 to have due regard to public benefit
guidance by the Charity Commission in delivering the activities undertaken by the Charity.
Wood Str8et Mission's charitable objective is the relief of persons who are in need hardship or distress and without
in any way limiting the generality of the foregoing in particular those persons resident in the fomier administrative
areas of Manchester and Salford.
Wood Street Mission's activits'es as described in this report are considered to meet the public benefit requirement
as specified in the Charities Act 2011.
RESULTS
The results for the year and their impact on the Charity's funds are sel out in detail on page 8. The nel movement on
nds was a deficit of £11,23712022'. deficit of £224.7581. As at 31 December 2023, the Charity had total funds of
£2,324,65412022: £2,335,891) including cash of£90,730 {2022: £175,484).
REVIEW OF ACTWITIES
As a long-established children's charity started by local businessman Alfred Alsop in 1869, Wood Street Mission
provides praclical help to families living in the cities of Manchester and Salford and helps to alleviale the day-to-
day impact of povety, whilst working lo improve the life chances of local children.
Some 154 years after its inception, Wood Street Mission continues to deal wth the negative effects that
struggling families endure on a daily basis. with the most profound manifesting in the children of those families.
Families receiving assistance from Wood Street Mission are in the first instance referred by professionals, who
are aware of each family's circumstances. These indude Health Visitors, Community Nurses, Social Workers,
Housing Officers, Teachers and Education Support staff.
After the initial referral has been received, families may then self-refer for a twelv&month period to use a number
of services that the charity offers, after which those families that are deemed to be still in need of help must once
again be re-referred by a professionallsupport worker, in order to receive further ongoing packagès of support.
Page 2

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
The five projects delivered by the charity in 2023 were as follows..
Family Basics
This project distributed children's clolhing, underwear, bedding, toiletries and toys to some 2,807 children. 299
items of nursery equipment (cots, prams, safety gates etc) were also distributed, together with bicycles
refurbished by a local company before donating them to the charity for distribution. The re-distribution of
refurbished laptops also continued to feature in Family Basics this year.
In addition, a further Family Basics Outreach service was introduced in the Wythenshawe area of Manchester,
running alongside the Outreach service launched in Litue Hulton, Salford in 2022. The Wythenshawe area of
Manchester was identified as a high need area. By serving this area with the Outreach project. this saves the
families in Wythenshawe who wish to access the Family Basics project from undertaking a 20-mile round trip to
our base in the city centre. Wood Street Mission now has an outreach facility operating one day per month in this
area and. if demand should increase. we will look at making additional provision.
Smart Start
The provision of new school unifomi. together with school accessories and new coats, again provided much
needed support to assist children not only to access education but also to encourage them to participate fully in
the learning process once they are in the school environment.
Some 2,368 children received new school unifomi packages and, for the second year running, the projecl ran
throughout the year {as opposed to the summer months, as in the years prior to 20221, once again recognising
that the demand for school unilorm is an all year round requirement.
Each school unifomi package was home delivered lo families direclly by the charity's chosen supplier. Our
commitrnent to this project remains strong as it helps enable children to access and take a full part in education
which is essential, we believe, if we are to break the cycle of child poverty.
Books Forever
This project once again proved to be extremely popular. Book Roadshows were delivered to ten schools,
distributing 18,584 books in total {the majority of which were newl. A further 1,680 books were distribuled through
children's centres, makin9 a grand total of 20,264 books distributed in 2023.
The purpose of this project is to enable as many children as is possible to have access to their own books, which
they themselves have chosen, in order to improve lileracy rates, throughout the cities of Manchester and Salford.
Childhood Experiences
Working with a variety ofcommunity and youth groups, 15 eXperIen￿S were delivered. The aim ofthis project is
to enable children to experience something new to them and that they may not ordinarily be able to access. The
"experiences" are sponsored by co￿Orate supporters. Trips this year included attending theatre praductions,
skateboarding, classical concert, kayaking, birds of prey, outdoor climbing and adventure parks. thereby
broadening horizons and creating happy childhood memories.
Christmas
Another successful Christmas project this year meant that the charity was able to distribute new toys and gifts to
1,556 families and some 4.149 children in total. This project has run throughout Wood Street Mission's history
and encourages p8rent￿carerS to choose the toys and gifts they wish to give to their children leach child
depending on age received between 3 and 7 toys), together with selection boxes and wrapping paper. In all, well
over 13,000 toys were distributed.
In addition to the staff team and the team of regular Wood Street Mission volunteers, a further 240 volunteers
from a range of companies assisted throughout the 13 days ofdistribution. The response from donors was. once
again, incredible. The quality and quantity of the donations received was astounding, with so many outstanding
acts of generosity-
Page 3

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
Soclal Media
This continues to ba an important tool with which to communicate with all our stakeholders. We use our social
media platforms lo inform families that may needlreceive our help, and to keep referrers and donors abreast of
the latest developments. on a daily basis.
Wood Street Mission will continue to use this medium not only lo communicate with various slakeholders but also
to highlight the significant rates of child poverty experienced in Manchester and Salford. with over 81,000 children
deemed to be living under such circumstances.
FUTURE PLANS
The intention of the charity is to increase the impact it has on alleviating the effects of child povety by working
with those 'harder to reach, families and to work more collaboratively with other organisations in order that we
may. ultimately, break the cycle of child poverty-
In 2022, we were able to launch our first Family Basics Outreach in Little Hutton, Salford. In 2023 we took a
further step in s88king to expand the scope of our wot1< and to become more embedded in communities which we
serve, by launching an additional outreach service in Wythenshawe, Manchester.
The overall aim is to wot1< collaboratively wth community organisationslcharities and support setvices, in order
that we may develop the most effective levels of service in support of vulnerable families. Wood Street Mission
will continue lo adapt to the ever-changing needs of those children and families who struggle the most in our
society and provide ongoing support to improve the life chances of local children.
STAFFtVOLUNTEERSISUPPORTERS
All concemed once again strived incredibly hard for the charity throughout 2023.
Wood Street Mission is, therefore, immensely grateful to all its supporters and donors who yet again proved to be
so generous whether with their time, goods or finances and whether they were individuals, corporate supporters,
churches, schools, community organisalions or trusts. Wood Streel Mission would simply not have been able to
help so many local children without Ihis incredible level of support being received. We express our sincere thanks
to 811 concerned.
Some 2.169 volunteer hours were donated to the charity in 2023, the majority of which was associated with the
Christmas project, with 240 volunteers in attendance over 13 days of distribution. Over the whole year, 2169
volunteer hours were donated in total, bringing an estimated value to the organisation of £23,642. Again, thank
you to all those that contributed.
During the year, once again the staff team worked tirelessly to provide struggling families with as much support
as possible, especially in the wake of the ongoing cost of living crisis. The Trustees once again thank all the
members of the team for their dedication and commitment.
In conclusion, Wood Street Mission's staff, volunteers and trustèes remain committed to working to improve the
life chances of local children, throughout Manchester and Salford.
INVESTMENT POLICY AND RETURNS
Surplus resources are invested until they are required for charitable purposes, having taken into 8ccount immediate
uirements by reference to the Charity's perfomiance and projected cashflow for Ihe nexl six months. The Charity
has adopted a tolal retum policy for its investment income. The Trustees regulady review the Charity's investments in
consultation wth the Investment Managers wrthin an investment objective and agreed risk profile.
KEY RISKS AND UNCERTAINTIES
The Board has established policies and systems lo mitigate risks. which are reviewed each year to ensure they still
meet the needs ofthe Charity.
The principle risks oflhe Charity are-.
Reputational risk
The risk of safeguarding incidents
Investment risk including liquidity and perfomiance
Page 4

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
POST BALANCE SHEET EVENTS AND GOING CONCERN
The Trustees have reviewed the likely demands which will be placed on the Charity in 2024 and beyond and have
reasonable expectation il has adequate resources to continue in operational existence for the foreseeable future. For
this reason, they continue to adopt the going concem basis in preparing the financial statements.
RESERVES POLICY
The Charity has substantial reserves of £2,324,654 {2022: £2,335,891), but not all are directly available to spend
on its charitsble activities. They include..
Reserves tied up in buildings, other fixed assets and working capitsl.
Investment revaluation surpluses.
Restricted r8serves which are only available for the purposes Ihey were donated.
Accumulated depreciation on fixed assets which is retained as a sinking fund for replacements.
Six months, operating costs oflhe Charity.
Excluding these reseNes. the Trustees regard all remaining resetves available to spend on charitable activities. At
31 December 2023 this amounted to approximately £50,00012022= £100,000).
STRUCTURE, GOVERNANCE AND MANAGEMENT
STATUS OF CHARITY
The Charity is a règistered Charity and is incorporated under the Companies Act as a company limit8d by
guarantee. The guarantee of each member is limited to £10 per Trustee, who are the same people as the voting
members of the charitable company and is payable in the event of the Charity being wound up and being unable
to meel its debts and liabilities. Wood Street Mission is overseen by a Board of Trustees, which meets
approximately ten times a year lo supervise tho operational activities undertaken by the office staff. One third of
the Board retire each year and are eligible for reappointrnent at the Charity's General Meets'ng.
DIRECTORS
The Directors. who are also Ihe Trustees, who setved during the yearare listed on page 1. The day to day running
and operation of Wood Street Mission is delegated to the Chief Executive. Trustee meetings are held at least every
three months at which Trustees approve items Ihat are their sole responsibility, for example approving annual
budgets and the Trustees Annual Report and Accounts.
INDUCTION AND TRAINING OF TRUSTEES
New Trustees are introduced to the Charity, usually by existing Trustees, and given a full background to the
Charity's history and current work with families in Manchester and Salford. The Chief Executive and other members
of staff provide a tour of Ihe facilities and, logelher with the information on the website, new Trustees have a good
grounding in the Charity's activities.
All Trustees are encouraged to attend appropriate external training èvents where these will facilitate the undertaking
of their role.
SUB COMMITTEES OF THE BOARD
There are three subcommittees of the Board, these being the Finance Committee, the Investment Committee and
the Remuneralion Committee. During the financial year to 31 December 2023 these committees had the following
members:
Finance Committee
Mr R T Race Bsc Hons Chartered FCSI ASIP
Mr M N G Evans MBE Bsc FCA
Mr C A Hadfield FRICS
Mrs E Willder FCMA CGMA
Investment Committee
Mr M N G Evans MBE Bsc FCA
Mr C A Hadfield FRICS
Mrs E Willder FCMA CGMA
Remuneration Committee
MrsNDGuy
Mrs E Willder FCMA CGMA
Dr K Part(inson
Page 5

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF PAY AND REMUNERATION
Remuneration of the key management personnel is agreed by the Board based on recommendations of the
Remuneration Committee.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees {who are also the directors of Wood Street Mission for the purposes of company lawl are responsible
for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted
Accounting Practice.
Company law requires the Trustees to prepar8 financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and of the profit and loss of the Gharitable company for the year.
In preparing those financial stalemenls, the Trustees are required to..
select suitable accounting policies and then apply them consistenuy;
obseNe the methods and principles in the Charities SORP.,
make judgements and estimates Ihal are reasonable and prudent.,
stale whether applicable accounting standards and statements have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on ￿e going concem basis unless it is inappropriate to presume that the Charity
will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at
any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and detection of fraud and other i￿egUlarities.
The Trustees of a Charity must, in determining how amounts are presented within items in the profil and loss
account and Charity balance sheet. have regard to the substance of the reported transaction or arrangement, in
accordance with generally accepted accounting principles and practice.
By order of the Board
RTRace
Chairman
10 July 2024
Page 6

WOOD STREET MISSION
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS
OF WOOD STREET MISSION
We report on the financsal statements of the company for the year ended 31 December 2023 sel out on pages 8 to 20.
This report is made solely lo the company's Trustees, as a body, in accordan￿ ffti section 145 of the Charities Act
2011 and regulations made under section 154 of that Act. Our wod( has been undertaken so that we might state to the
company s Trustees ihose matters that we are required to state to them in an Independent examiner's report and for
no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility lo anyone other than
the company and the company's Trustees as body, for our wotk or this report.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Trustees (who are also the directors of the company for the purposes of company lawl are responsible for the
preparation of the financial statements in accordan￿ wlh the requirements of the Companies Act 2006. The Charity's
Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 {'the 2011
Act'} and that an independenl examination is needed. We are qualified to undertake the examination by being 8 qualified
member of the Institute of Chartered Accountants in England and Wales.
Having satisfied ourselves that the Charity is not subject to audit under part16 of the CompaniesAct 2006 and is eligible
for independent examination, it is our responsibility to:
examine the accounts under section 145 of the 2011 Act.,
to follow the procedures laid down in the general directions given by the Chaiity Commission under seclion
14515}Ibl of the 2011 Act., and
to state whether parbcular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINERS, REPORT
Our examination was canied out in accordan￿ with ￿e general directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the Charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and
seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit and consequently no opinion is given as lo whether the accounts
present a 'true and fair view. and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS. STATEMENT
In connection with our examinalion, no matter has come to our attention..
111 which gives us reasonable cause to believe that in any material respect the requirements-.
accounting records have not been kept in accordance with section 386 of the Companies Act 2006,.
the accounts do nol accord wtth such records..
wher8 accounts are preparéd on an accruals basis, whether they fail to compty with relevant accounting
requirements under section 396 of the Companies Act 2006, or ar8 not consislent with the Charities SORP
IFRS 102}
to keep accounting records in accordance with section 130 of the Charities Act,. and
(2)
lo which, in our opinion, attention should be drawn in order to enable a proper understanding of the accour5ts to
be reached.
Helen Besant-Roberts
Hurst Accountants Limited
Independent Examiners and Chartered Accountants
3 Stockport Exchange
Railway Road
Stockport
SK1 3GG
11 July 2024
Page 7

WOOD STREET MISSION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
(INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)
Year ended 31 December 2023
Unrestricted Restricted
funds
funds
Year ended 31 December 2022
Unrestricted Restricted
funds
funds
Total
Total
Income and endowments from..
Donations, gifts & legacies
484.542
274,420
758,962
399,812
355,388
755,200
Investments
32,150
32,150
28,967
28,967
Other Income
1.025
1,025
1,156
1.156
Total Income and endowments
517,717
274,420
792,137
429,935
355,388
785,323
Expenditure on..
Charitable activities
595.725
302,357
898,082
445,697
369,585
815.282
Nel expendilurellincome)
before other reo)gnised gains
178.0081
127.937} 1105.9451
(15.762)
{14,197}
129,959}
Other recognised Ilossesllgains:
Net gainslllosses} on
investments
94,708
94,708
1194.799)
(194,799)
Net movement on funds
16.700
{27.9371
{11,237) 1210,561)
114,197} {224,758}
Reconciliation of funds
Tot81 funds brought fomard
2.153,524
182,367
2,335.891
2,364,085
196,564
2.560,649
Total funds carrled
forward
14
2.170,224
154,430
2,324,654
2.153,524
182.367
2,335,891
The above all relate to continuing operations.
There are no other recognised gains or losses other than those noted above and therefore no separate statement
of total recognised gains and losses has been prepared.
The notes on pages 11 lo 20 form part ofthe financial statements.
Page 8

WOOD STREET MISSION
BALANCE SHEET AS AT 31 DECEMBER 2023
COMPANY NUMBER.. 03849322
31 December
2023
31 December
2022
Note
Fixed assets
Tangible assets
Investment- securities
1,046,580
1,125,384
1.083,611
1,030,676
2,171.964
2,114.287
Current assets
Debtors
Cash at bank and in hand
10
11
75,879
90,730
56,820
175,484
166,609
232,304
Current liabllltles
Creditors.. amounts falling due within one year
12
{13,919}
(10,700)
Net Current assets
152,690
221,604
Net assets
2,324,654
2.335,891
The funds of the Charity
un￿StriCted funds
Revaluation reserve
1.961,724
208,500
1,939,024
214,500
Unrestricted funds
Restricted funds
14b
14c
2,170,224
154,430
2,153,524
182,367
Total Charity funds at 310e¢8mber 2023
14
2,324,654
2,335,891
The Trustees consider that the company is entitled to exemption from the requirement to have an audit under the
provisions of section 477 of the Companies Act 2006 {"the ACV'I and members hav& not required the company to oblain
an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requiremenls of the Companies Acl 2006 with
respect to accounting records and the preparation of financial statements.
The financial statements on pages 8 to 20 were approved by the Board of Trustees on 10 July 2024 and were signed
on its behalf by..
R TRace
NGEV
ns
The notes on pages 11 to 20 form part of the financial statements.
Page 9

WOOD STREET MISSION
CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
COMPANY NUMBER: 03849322
31 December
2023
31 December
2022
Note
Cashflows from operating activities
Net expenditure for the year
Depreciation
IGains)Ilosses on investments
Increase in debtors
Increasel{decreasel in creditors
111,2371
38,072
194,7081
(19,0591
3,219
1224,758}
37,361
194,799
{27,021 }
{11,121)
Net cash used from operating activlties
(83,7111
130,7401
Cashflows from Investing activities
Purchase of tangible fixed assats
Purchase of investments
Proceeds on sale of investments
11,041}
15,1801
{1,136,5921
1,216,335
Net cash generated in investing activities
{1,043)
74,563
(Decrease)lincrease in cash and cash equivalents
in the year
{84,754)
43.823
Cash and cash equivalents at the beginning of the year
175,484
131.661
Cash and cash equivalents at the end of thè year
11
90.730
175,484
Page 10

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
The financial statements have been prepared in accordance with Accounting and Reporbng by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 20191
(Charities SORP {FRS 102}I, the Financial Reporting standard applicable in the UK and Ropublic of Ireland
IFRS 1021 and Ihe Compani6sAct 2006.
Wood Street Mission meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost ortransaction value unless oknerwise slated in the relevant accounting policy.
Company status
The Charity is limited by guarantee and incorporated in England and Wales, registered number 03849322. The
address of its registered office is Wood Street Mission, 26 Wood Street, Off Deansgate, Manchesler. M3 3EF.
In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 perTrustee
who are the same people as the voting members of the charitable company.
Going concern
The Trustees have reviewed the likely demands which will be placed on the Charity and have reasonable
expectation it has adequate resources to continue in operational existence for Ihe foreseeable future. For this
reason, they continue to adopt the going con￿￿ basis in preparing the financial stslements.
Basls of accounting
The financial slalements are prepared in accordance wlh the historical cost convention as modified to include
the revaluation of land and buildings and investments.
Basls of ac¢ounting for income and expendlturo
All incoming and outgoing resources are accounled for in the Statement of Financial Activities and include:
Incoming resources
lal
Investment income
Investment income is accounted for when receivable.
{b)
Legacies and donations
Legacies and donations are accounted for when received by the Charity.
{cl Gifts In klnd
Gifts in kind are included as an incoming resource in the Statement of Financial Activities at market value,
except where it is dilFicult to ascribe a value to the benefit received by the Charity.
{dl Granls
Grants of a revenue nature are recognised in the statement of financial aclivitses in the same period as
the related expenditure.
Resources expended- costs
Charitabla expendlture
Charitable expenditure includes all expenditure directly related to the objectives of the Charity. Where
expenditure is incurred on several activities, it is apportioned based on the percentage of Ihat resource
utilised. Management and Administration costs represent expenditure incurred in the management of the
Charity's assets and compliance with constitutional and statutory requirements and are apportioned to
charitable expenditure.
Page11

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES (Gontinued)
Taxatlon
The Charity has been granted exemption by the Commissioners of the Inland Revenue from taxation on its
charitable activities under the provisions of Section 505 of the Income and Corporation Taxes Act 1988.
Irrecoverable value added tax is included in the cost of the item to which it relates.
Depreciation
All tangible fixed assets are stated at cost or valuation less depreciation. Deprecation is provided using the
followtng rates which reflect the anticipated usefijl lives of the assets after allowtng for estimated residual values..
Buildings
20/0 Straight line
Fumilure fixtures and fittings
10 %-20 /0 Straight linelreducing balan
Computer equipmenl
25 %-33/3 % straight line
Motor vehicles
33/tsO/o straight line
Investment securitles
Fixed asset investments are a fom of financial inslrumenl and are initially recognised at their transaction cost
and subsequently restated at market value. Realised and unrealised gains and losses are shown separately in
the heading 'net gainsrfosses on investment, in the Statement of Financial Activities (incorporating the income
and expenditure account).
The Charity invests in a pooled fund and therefore there are no fees directly attributable to the Charity. The
annual management charge is 0.60 % with the tr)tal ongoing charges figure 0.8W/•.
Debtors
Trade and other debtors are recognised at the settlement amount. Prepayments aro valued at the amount
prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from the date of acquisition or opening of the deposit or similar account.
Financial instruments
The Charity only has financial assets and financial liabilities of 8 kind that qualrfy as basic financial inslruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
selJement value.
Funds
(al
Restricted
Represents funds where the use has been restricted by the donor or by the temis of an appeal.
(b}
Unrestricted
Represents the general fund ofthe Charity which receives all other income and to which Direct Charitable
Expenditure not covered by Restricted funds is charged together with Indirect Expenditure.
Liabilities and provisions
Liabilities are recognised when there is an obligation at the balan￿ sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in setllement, and the amount of the settlement can
be estimated reliably. Liabilities are recognised at the amount that the Challty anticipates it will pay to settle the
debt or Ihe amount it has received as advanced payments for the goods or services it must provide. Provisions
are measured at the best estimate of the amounts required lo setue the obligation. Where the effect of the ts'me
value of money is material, the provision is based on the present value of those amounts, discounted at the pre-
tax discount rate that refiects the risks specific lo the liabilty-
Pensions
The Charity operates a defined contributions pension scheme. The stheme and its assets are held by
independenl managers. The pension charge represents contributions due from the Charity in the year.
Page 12

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
Preparation of the financial statements requires management to make significant judgements and estimates.
The items in the financial statements where their judgements and estimates have been made include-
Tangible flxed assets
The management of the Charity exercises judgement in estimating the usefijl economic life of the freehold
propety, rixlures and fittings, computer equipment and motor vehicles. The net book value of these assets is
disclosed in note 8.
Accruals
Accruals are entered in the financial statements based on management expectations, taking into accountvarious
business and economic factors relevant to each individual item. The total value of accruals is disclosed in note
12.
INCOME FROM DONATIONS, GIFfs & LEGACIES
Year ènded
31 December
2023
Year ended
31 December
2022
Grants, donations and gifts
Legacies
Gifts in kind
664,842
5,942
88,178
649.968
14,035
91,197
758,962
755.200
During the year, the Charity received donations in kind lo the value of £88,178 {2022.' £91,197} in the form
of Christmas gifts, school stationery, coats and duvets. They were distributed to families as required
throughout the year.
Similarly, during the year, donations of clothing, bedding, toys and food were received for distribution to
families. However, without considerable time and expense it is not practicab5e to quantify the value
attributable to them.
INVESTMENT INCOME
Year ended
31 December
2023
Year ended
31 December
2022
Dividends received
Interest ￿CeiVable
30,895
1,255
28.671
296
32,150
28,967
Page 13

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
RESOURCES EXPENDED
la)
Resources expended In 2023
Unrestricted
Funds
Restricted
funds
Total
Charitable actlvities
Family Basics
Smart Start (school unifomi}
Christrnas Appeal
Books for Ever
Other activities
Fund raising
256,229
97,051
35,594
99,993
108,869
51,129
6,772
291,823
197,044
108,869
99,296
20,854
180,196
48,167
14,082
180,196
Total resources expended 2023
595,725
302,357
898,082
Ib} Resources expended in 2022
Unrestricted
Funds
Restricted
funds
Totsl
Charitable activities
Family Basics
Smart Start (school uniform)
Christmas Appeal
Books for Ever
other activities
Fund raising
180,358
55,629
63,051
164,450
101,441
25,913
14,730
243.409
220,079
101,441
68.320
16,359
165,674
42,407
1,629
165,674
Total resources expended 2022
445,697
369,585
815.282
Resources expended by type in 2023
Smart Start
{school Christmas
unifomil
Appeal
Family
Basics
Books for
Ever
Other
Actlvltles
Fund
Ralsing
Total
Staff costs
Establishment costs
Administration costs
Project costs
Depreciation
150,464
32,302
12.569
80,811
15,677
41,685
9.832
12,571
126,238
6,718
22,656
19,193
12,570
47,731
6,719
19,002
19.194
6,560
47.822
6,718
10.999
141,893
3,279
32,784
386,699
83,800
77,054
312,457
38,072
9,855
2,240
Total resources
expended in 2023
291.823
1 g7,044
108,869
99,296
20,854
180,196
898,082
Expenditure is allocated on an actual basis.
Page 14

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
RESOURCES EXPENDED (continued)
{dl
Resources expended by type in 2022
Smart Start
(school Christmas Books for
uniform)
Appaal
Ever
Family
Basics
Other
Aclivltles
Fund
Ralslng
Total
Staff costs
Establishment costs
Adrninislralion costs
Project costs
Depreciation
112,603
25,315
11,787
78.321
15,383
39,056
8,371
11,787
154.272
6,593
20,434
14,156
11.787
48,471
6.593
17.049
14,157
5,785
24,736
6,593
9,804
127,916
2,788
32,771
326,862
64,787
73,917
312,355
37,361
6,555
2,199
Total re50ur¢e$
expended in 2022
243.409
220,079
101,441
68,320
16,359
165,674
815,282
Expenditure is allocated on an actual basis.
INDEPENDENT EXAMINER REMUNERATION
The independenl examiners, remuneration amounts to £60012022.. £600}.
STAFF COSTS
Year ended
31 December
2023
Year ended
31 Decemb•r
2022
Wages and salaries
Social security costs
Other pension costs
Other staff costs
339,448
21,146
18.239
7,866
291,527
14,815
17,053
3,467
386,699
326.862
Neither the chaiman nor any other rnember of the Board received any remuneration for their services or
reimbursement of expenses during the year, nor were any trustee expenses incu￿ed.
There were no employees with emoluments above £60,00012022: £nil}.
The average weekly number offull-lime equivalent employees who were paid was as follows..
Year ended
31 December
2023
Year ended
31 December
2022
Direct charitable activities
Management and administration
13
12
16
15
Page 15

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
TANGIBLE FIXED ASSETS
Freehold
property
Furniture &
equipment
Van
Total
At 1 January 2023
Additions
1.500,501
15,000
40,196
1,041
1,555.697
1,041
At 31 December 2023
1,500,501
15,000
41.237
1,556,738
Depreciation
At 1 January 2023
Charge
427.299
30,010
10,000
5.000
34,787
3,062
472,086
38,072
At 31 December 2023
457,309
15,000
37.849
510,158
Net book value
At 31 December 2023
1,043,192
3,388
1,046,580
Net book value
At 31 December 2022
1,073.202
5,000
5,409
1,083,611
The Charity has chosen to retain the book values of land and buildings which were previously revalued, and
not to revalue the assets in the future. All assets are held for charitable purposes.
If freehold propety had not been revalued, it would have been included in the financial statements at the
followng amounts..
31 December
2023
31 December
2022
Historical cost
Accumulated depreciated based on cosl
1,200,501
1365,739)
1,200.501
{341,739}
834,762
858,762
The property was last valued in 2007 by an independent valuer using market-based evidence of similar
properties in the local area. The Trustees review this annually for impaimient.
Page 16

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
INVESTMENTS - SECURITIES
Listed Investments
31 December
2023
31 December
2022
Market value
At 1 January 2023
Additions
Sale proceeds
Realised and unrealised profitsllloss)
1,030,676
1,305,218
1,136,592
(1.216,3351
1194,799}
94,708
Market Value at 31 December 2023
1,125,384
1,030,676
The historical cost of the investments is £1,050,000 at 31 December 202312022.. £1,050,000).
The Charity's investments are in a pooled ￿nd which is managed by CCLA.
10. DEBTORS
31 December
2023
31 December
2022
Amounts falling due within one year
Income tax recoverable
Accrued income
Investment income
Prepayments
10,300
36,811
7,786
20,982
6,347
27,124
7,786
15,563
75,879
56,820
An impaimenl loss of £nil. {2022'. £nill was recognised against trade debtors.
11. ANALYSIS OF CASH AND CASH EQUIVALENTS
31 December
2023
31 December
2022
Cash in hand and at bank
90,730
175,484
90,730
175,484
Page 17

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31 December
2023
31 December
2022
Other creditors
Accruals
4,024
9,895
124
10,576
13,919
10,700
13.
FINANCIAL INSTRUMENTS
31 December
2023
31 December
2022
Financlal assets
Financial assets measurèd at fair value through income and
expenditure
1,125,384
1,030.676
Financial assets measured at fair value through income and expenditure include fixed asset invesknents.
14. THE FUNDS OF THE CHARITY
la)
General
Total reserves are represented by the following..
31 December 2023
31 December 2022
Freehold building & other
fixed assets
Investments
1.046,580
1,125,384
1,083.611
1,030,676
Net current assets-
Unrestricted
Restricted
{1,7421
154,430
39,237
182,367
152,690
221,604
2,324,654
2,335,891
Pag8 18

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14.
THE FUNDS OF THE CHARITY (continued)
Ibl
Unrestrlcted funds 2023
Unrestricted
funds
Revaluation
reserve
Total
At 1 January 2023
Nel movement offunds during
the year
Depreciation on revalued
portion of land and building
1,939,024
214,500
2,153.524
16,700
16,700
6,000
(6.000)
At 31 December 2023
1,961,724
208.500
2,170,224
Unrestricted funds 2022
Unrestricted
funds
Designated
funds
Revaluation
reserve
Total
At 1 January 2022
Net movement offunds during
the year
Depreciation on revalued
portion of land and building
Transfer
1,620,086
523,499
220,500
2,364,085
{210,561 }
{210,5611
6,000
523,499
16,000)
{523,499)
At 31 Decembèr 2022
1.939,024
214,500
2,153,524
Icl
Restricted funds 2023
These are restricted funds to bé used exclusively for expenses relating to the areas below:
31 December
2022
Movement In resources
Income
Expenditure
31 December
2023
Christmas Appeal
Smart Start (school unifoml
Family Basics
Books for Ever
Others
182,367
80,932
99,993
35,594
51,129
6,772
1108,8691
{99.9931
{35,5941
{51,1291
16.772}
154,430
182,367
274,420
(302,357}
154,430
The restricted resetves are held to buy toys and other items for charitable purposes.
Page 19

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
14.
THE FUNDS OF THE CHARITY (continued)
Restricted funds 2022
These are restricted funds to be used exclusively for expenses relating to the areas below:
31 December
2021
Movement in resources
Income
Expenditure
31 December
2022
Christmas Appeal
Smart Start (school uniform)
Family Basics
Books for Ever
Others
196,564
87,244
164.450
63,051
25,913
14.730
1101,4411
1164,4501
(63,0511
125,9131
{14,730}
182,367
196.564
355,388
1369.585)
182,367
The restricted reserves are held to buy toys and other ilems for charitable purposes.
15. ANALYSIS OF ASSETS AND LIABILITIES BY FUND
31 December 2023
Unrestricted
Restricted
funds
funds
31 December 2022
Unrestrictèd Restricted
funds
funds
Total
Total
Fixed assets
Current assets
Current liabilities
2,171,964
12,179
{13.919)
2,171,964
166,609
{13,9191
2,114,287
49.937
(10,700)
2,114.287
232,304
{10.700)
154,430
182,367
Net assets
2,170,224
154,430
2,324,654
2,153,524
182,367
2,335,891
16. RELATED PARTY TRANSACTIONS
Key management are considered to be thè Board of Trustees and they received no remuneration {2022-
£nil).
During the year, Wood Street Mission was charged £190 by a company controlled by a Twslee for its accounting
software subscription.
There were no related party transactions in the prior year.
17.
PENSION COMMITMENTS
The Charity operates a defined contributions pension scheme. The assels of the scheme are held separately
from those of the Charity in an independently administered fund. The pension charge represents conbibutions
payable by the Charity to the fund and amounted to £18,23912022.' £17,053). There were no contributions
payable to the fijnd at the balance sheet date12022.' £1241. The pension liability and expense ats allocated from
unrestricted funds.
18. MEMBERS OF THE COMPANY AND ULTIMATE CONTROL
The members of the company have no entitlement to distribution on dissolution of the company. They each
have limited liability of up to £10. There is no overall control of this charitable company.
Page 20